Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) Short Interest Down 36.1% in August

Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 13,940 shares, a decline of 36.1% from the August 15th total of 21,817 shares. Based on an average daily volume of 48,657 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Calamos Long/Short Equity & Dynamic Income Term Trust

A number of large investors have recently bought and sold shares of CPZ. Closed End Fund Advisors Inc. purchased a new stake in shares of Calamos Long/Short Equity & Dynamic Income Term Trust during the 4th quarter worth about $2,070,000. Evolve Private Wealth LLC acquired a new position in Calamos Long/Short Equity & Dynamic Income Term Trust during the second quarter valued at approximately $886,000. Almitas Capital LLC purchased a new stake in Calamos Long/Short Equity & Dynamic Income Term Trust during the second quarter worth approximately $505,000. Readystate Asset Management LP grew its stake in Calamos Long/Short Equity & Dynamic Income Term Trust by 259.8% during the first quarter. Readystate Asset Management LP now owns 50,009 shares of the company’s stock worth $679,000 after buying an additional 36,109 shares during the period. Finally, IMC Chicago LLC acquired a new stake in shares of Calamos Long/Short Equity & Dynamic Income Term Trust in the second quarter worth $233,000.

Calamos Long/Short Equity & Dynamic Income Term Trust Stock Performance

Shares of CPZ stock traded down $0.01 during mid-day trading on Friday, hitting $12.75. 12,110 shares of the stock were exchanged, compared to its average volume of 80,036. Calamos Long/Short Equity & Dynamic Income Term Trust has a 12-month low of $12.41 and a 12-month high of $16.82. The stock’s fifty day simple moving average is $13.20 and its two-hundred day simple moving average is $13.40.

Calamos Long/Short Equity & Dynamic Income Term Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, September 21st. Stockholders of record on Monday, September 14th will be issued a $0.14 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 13.2%. The ex-dividend date of this dividend is Monday, September 14th.

About Calamos Long/Short Equity & Dynamic Income Term Trust

Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ: CPZ) is a closed-end management investment company that seeks to deliver long-term total return through a combination of capital appreciation and current income. The trust pursues this objective by maintaining a diversified portfolio of equity securities with an overlay of dynamic income strategies, including the use of call and put options.

The trust’s core investment approach combines long and short positions in U.S. and foreign equities, allowing portfolio managers to express both positive and negative views on individual securities and sectors.